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Is BP Stock a Buy?

Is BP Stock a Buy?

Lately, oil prices can't seem to decide whether they want to be above $40 per barrel or below it. With renewable energy stocks showing strength recently, and BP's big-oil peers like ExxonMobil (NYSE: XOM) running into trouble, it's worth wondering if an investment in BP is a good idea right now. First the Saudi Arabia-Russia price war caused oil prices to crash, and then the pandemic destroyed demand for fuel, keeping global energy prices weak.